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November 30, 2010

FDIC Issues Final Guidance on Automated Overdraft Payment Programs

FDIC_logo_140px.pngThe Federal Deposit Insurance Corporation (FDIC) has issued final guidance to address the risks associated with overdraft payment programs. The guidance, effectively, bans bank sorting of checks and other items by amount in order to maximize bank revenues - effective July 1, 2011.

Next Issue Media Taps Vindicia as Billing Provider for Digital Newsstand

Vindicia_logo-140px.pngVindicia today announced that "Next Issue Media, the revolutionary digital publishing venture of Conde Nast, Hearst, Meredith, News Corporation and Time Inc., has selected its CashBox billing solution to power the sale of its interactive magazine and newspaper content to consumers worldwide. Options to be offered to consumers using the Vindicia CashBox solution will include digital subscriptions and single copy sales, as well as integrated print/digital bundles delivered across the consumer electronics and e-reading device landscape."

KreditFly Launches Innovative Mobile Payment Service in the US

kreditfly_logo_140px.pngA new startup called KreditFly has announced an "innovative and flexible mobile payment service today with a strong group of beta partners, which promises to fundamentally transform the way consumers use their mobile phones to make online purchases."

KreditFly seeks to transform the mobile payments industry with secure transactions using the mobile phone, flexible payment options, and use of short-term credit to eliminate pre-registration
The company led by Paul Kim, who was the founding CEO of BilltoMobile. The website is located at www.kreditfly.com.

American Express Reward Points Can Now Be Used To Buy Zynga Virtual Goods

Amex_logo_140px.png American Express and Zynga have announced that they have "entered into a strategic relationship that allows customers to use Membership Rewards points from American Express to pay for limited edition virtual goods, as well as physical and virtual game cards for Zynga's games."

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